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Hello Everyone,
My name is Michael Brooks, and I'm thrilled to be a part of this community! I'm just beginning my journey in real estate with a goal to flip properties and build a portfolio of rental properties. Ulti...
I own many SFH rentals and when preparing my 2020 taxes, learned about the 20% qualified business income (QBI) deduction. Yay! I think I need to use the aggregated business safe harbor in order to meet all requirement...
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Hi everyone.
I'm an out of state investor with one house in New Braunfels, TX. My vague and miniscule understanding is that electricity is handled differently in Texas than other states. That being said, I've been he...
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We're in the process of learning everything we need to know before starting to invest but I feel i'm missing something here with the numbers game. I'm looking for lasting, generational wealth by building a portfolio. ...
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Hello BP!I'm currently evaluating a 4-unit property in Plymouth Meeting, PA. After speaking to my lender, he confirmed that their method for determining the property value would be solely based on comp sales and not ...
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I have my own business, but would like to work on diversifying a bit so I can have more passive income. We have no bills (aside from $3k a month for electricity, food, insurance, etc.) I think if I work hard over the...
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My wife and I reside in a community property state (LA) and are the sole members of an LLC that own several rental units and a non-income generating vacant property. We will treat the LLC as a disregarded entity unde...
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Hi all - I have a few questions surrounding the idea of having an LLC or some other form of entity. For background I do not have one currently and only have one rental property that’s a single family home but am tryin...
Does anyone have any recommendations in the number of different states one should invest in? I know someone who has a "property in this state and a property in that state" and he doesn't mind because "the numbers mak...
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If you're serious about building wealth and securing your financial future through real estate investing, you know that financing can often be one of the biggest hurdles. Whether you're a new investor or looking to sc...